Energy Vault Reports Second Quarter 2026 Financial Results and Raises Full-Year 2026 Revenue and Gross Margin Guidance
Energy Vault reported Q2 2026 revenue of $17.4 million, up 104% year-over-year and above consensus estimates, driven by progress in BESS projects. The company raised full-year 2026 revenue guidance to $270-$310 million and lifted GAAP gross margin guidance to 20%-25% as backlog soared 107% year-over-year to approximately $2 billion.
Key figures
- Revenue
- 17400000
- Guidance
- FY26 revenue $270-$310 million (raised from $225-$300 million); GAAP gross margin 20%-25%
- Revenue Yoy
- 104%
- Cash
- $148 million
- Backlog
- $2 billion
- Gaap gross margin
- 31%
- Adjusted gross margin
- 38.6%
AI analysis
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